TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. Several research studies have conclusively proven that planning organizations always outperform 1)non- planning organizations. Most businesses have only the single goal of making 2) The first step in the strategic management process is analyzing the external 3) When a firm integrates backward, it becomes its own 4) Directional plans are clearly defined and leave no room for 5) The first step in goal setting is to evaluate available 6) A trucking company that grows by purchasing a chain of gasoline stations is engaged in horizontal 7)integration. The final step in the strategic management process is implementing the 8) A strategy defines how a company is going to make 9) When conducting a SWOT analysis, threats are activities the organization doesn't do well or resources it needs but doesn't MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Slabaugh wants to formulate a plan that lays out general guidelines for his employees and leaves room for interpretation. Which one of the following types of plans would best suit his requirement?standing B) specific C) informal D) directional In , goals set by top managers flow down through the organization and become subgoals for each organizationalmanagement by objectives B) management by observationC) traditional planning D) traditional goal setting 10) 11) 12) What plans are preferable when uncertainty is high in the business environment? 13)operational plans B) standing plans C) directional plans D) long- term plans How can managers effectively plan when the external environment is continually changing? 14)They should discontinue formalThey should continue to follow the set organizational plans as persistence will eventually pay.They should be ready to change directions if environmental conditionsThey should set general, but rigid Williamson is the owner of a small company that sells corporate gifts through an online Business has slowed down in recent months and he realizes that the organization must move in a different direction if it is to survive. He has reset some of the company's overall goals and wants to develop a plan to achieve those goals. He is anticipating the business environment to be volatile for the next few years. Considering the above information, it can be determined that his plan must be , , and .informal; unwritten; flexible B) strategic; directional; flexibleC) strategic; general; rigid D) operational; directional; rigid Helen, the owner of Crazy Cupcakes, is conducting a SWOT analysis of her Which one of the following represents an opportunity for expansion?One of Crazy Cupcakes competitors has added cookies to its productIn a taste test, Crazy Cupcakes products ranked higher than competitors in the taste and textureThere has been a trend toward personalized cupcakes for a variety ofThe production process was found to be highly efficient and wastage was kept to a Patrick expects each person he hires for his online business to be involved in studying trends involving new technology, competitors, and These employees are involved in .industry analysis B) external analysisC) economic analysis D) internal analysis Casey realizes that she has a personal characteristic that suggests she is not comfortable interacting with She interprets this as a(n) if she is to get a job as a salesperson.opportunity B) threat C) weakness D) strength 15) 16) 17) 18) are positive trends in the external 19)Strengths B) Weaknesses C) Threats D) Opportunities The CEO and his top managers have asked themselves two important questions: do customers value what the company is providing; and b. can the company make money doing that? This group is developing a .business model B) BCG matrixC) strategy D) competitive advantage The top managers of the corporation are meeting to discuss how they will compete in their chosen markets and how they will attract and satisfy These managers are discussing .core competencies B) the business modelC) their competitive advantage D) strategy 20) 21)

PLEASE NOTE THAT AS PER THE POLICY I HAVE DONE THE FIRST THREE SUB-PARTS. PLEASE POST OTHE QUESTIONS…

Answered: Several research studies have…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.

Several research studies have conclusively proven that planning organizations always outperform 1)

non- planning organizations.

Most businesses have only the single goal of making 2)

The first step in the strategic management process is analyzing the external 3)

When a firm integrates backward, it becomes its own 4)

Directional plans are clearly defined and leave no room for 5)

The first step in goal setting is to evaluate available 6)

A trucking company that grows by purchasing a chain of gasoline stations is engaged in horizontal 7)

integration.

The final step in the strategic management process is implementing the 8)

A strategy defines how a company is going to make 9)

When conducting a SWOT analysis, threats are activities the organization doesn't do well or resources it needs but doesn't

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

Slabaugh wants to formulate a plan that lays out general guidelines for his employees and leaves room for interpretation. Which one of the following types of plans would best suit his requirement?
1. standing B) specific C) informal D) directional

In , goals set by top managers flow down through the organization and become subgoals for each organizational
1. management by objectives B) management by observation
2. C) traditional planning D) traditional goal setting

10)

11)

12)

What plans are preferable when uncertainty is high in the business environment? 13)
1. operational plans B) standing plans

C) directional plans D) long- term plans

How can managers effectively plan when the external environment is continually changing? 14)
1. They should discontinue formal
2. They should continue to follow the set organizational plans as persistence will eventually pay.
3. They should be ready to change directions if environmental conditions
4. They should set general, but rigid

Williamson is the owner of a small company that sells corporate gifts through an online Business has slowed down in recent months and he realizes that the organization must move in a different direction if it is to survive. He has reset some of the company's overall goals and wants to develop a plan to achieve those goals. He is anticipating the business environment to be volatile for the next few years. Considering the above information, it can be determined that his plan must be , , and .
1. informal; unwritten; flexible B) strategic; directional; flexible
2. C) strategic; general; rigid D) operational; directional; rigid

Helen, the owner of Crazy Cupcakes, is conducting a SWOT analysis of her Which one of the following represents an opportunity for expansion?
1. One of Crazy Cupcakes competitors has added cookies to its product
2. In a taste test, Crazy Cupcakes products ranked higher than competitors in the taste and texture
3. There has been a trend toward personalized cupcakes for a variety of
4. The production process was found to be highly efficient and wastage was kept to a

Patrick expects each person he hires for his online business to be involved in studying trends involving new technology, competitors, and These employees are involved in .
1. industry analysis B) external analysis
2. C) economic analysis D) internal analysis

Casey realizes that she has a personal characteristic that suggests she is not comfortable interacting with She interprets this as a(n) if she is to get a job as a salesperson.
1. opportunity B) threat C) weakness D) strength

15)

16)

17)

18)

are positive trends in the external 19)
1. Strengths B) Weaknesses C) Threats D) Opportunities

The CEO and his top managers have asked themselves two important questions: do customers value what the company is providing; and b. can the company make money doing that? This group is developing a .
1. business model B) BCG matrix
2. C) strategy D) competitive advantage

The top managers of the corporation are meeting to discuss how they will compete in their chosen markets and how they will attract and satisfy These managers are discussing .
1. core competencies B) the business model
2. C) their competitive advantage D) strategy

20)

21)

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